|Bid||18.77 x 4000|
|Ask||18.78 x 1400|
|Day's Range||18.75 - 19.04|
|52 Week Range||14.96 - 21.22|
|Beta (3Y Monthly)||1.04|
|PE Ratio (TTM)||9.93|
|Earnings Date||May 3, 2018 - May 7, 2018|
|Forward Dividend & Yield||1.32 (6.97%)|
|1y Target Est||23.38|
BROOKFIELD NEWS, July 02, 2019 -- Brookfield Property Partners L.P. (NASDAQ: BPY, TSX: BPY.UN) announced today that its second quarter 2019 financial results will be released.
(Bloomberg) -- A small faction of officials at Forever 21 Inc. has asked its biggest landlords if they’d consider taking a stake in the clothing retailer, as the company’s leadership battles internally about how to turn around the struggling store chain.The group, which didn’t have the backing of the company’s co-founder, talked to Simon Property Group Inc. and Brookfield Property Partners LP about a range of options including a sale, according to people with knowledge of the matter. A rival set of officials, aligned with co-founder Do Won Chang, has opposed any such deal with landlords, the people said, as Chang wants to preserve control over the empire that made him a billionaire.A representative for Forever 21 said the company hasn’t had talks with landlords outside of rent negotiations. “While Forever 21’s policy is not to comment on speculations, we feel it’s important to refute these rumors, which are categorically incorrect,” the company said in a statement. “As a normal course of business, Forever 21 has been in regular rent renegotiation meetings. We have not had any conversations with mall operators regarding an investment in the company, nor a sale.”There is a precedent for landlords taking over retailers. Aeropostale Inc., the teen clothing store, sold itself in bankruptcy to a group including the two biggest U.S. mall owners in 2016. With Forever 21, the situation is fluid and it’s not clear how the company will restructure, said the people, who asked not to be identified because the discussions are private.Simon Property Group and Brookfield Property Partners, the biggest owners of malls in the U.S., are increasingly willing to discuss a wide range of options with tenants as retailers nationwide struggle to boost sales, including making steep concessions in leases. Online stores are winning more business, and malls are finding it harder to gain foot traffic.Representatives for Simon Property Group and Brookfield Property Partners declined to comment.Forever 21 operates more than 800 stores in the U.S., Europe, Asia and Latin America, with most in the U.S. Chang and his wife Jin Sook Chang, whose daughters now help run the company, opened their first store in Los Angeles in 1984 and established it as a destination for younger shoppers looking for trendy clothes at affordable prices. But competitors have crowded into the segment, from H&M to Target to new online sellers.Mall UpheavalForever 21 is a key tenant to both landlords. Indianapolis-based Simon, a real estate investment trust that is the largest U.S. mall owner, counts Forever 21 as its sixth-largest store tenant outside of department stores, with 99 outlets covering 1.5 million square that account for 1.4% of the company’s total base minimum rent in the U.S., according to a filing as of March 31.For Brookfield Property Partners -- a unit of Toronto-based Brookfield Asset Management Inc. -- Forever 21 accounted for 2% of its minimum rents, according to a filing as of March 31. Brookfield last year bought GGP Inc., the second-largest U.S. mall operator.“Mall REIT exposure to Forever 21 is definitely bigger than most department stores, which pay very little base rent per square foot,” said Bloomberg Intelligence analyst Lindsay Dutch.Forever 21’s management, while fractured, has been busy over the past few weeks, holding discussions with lenders including Apollo Global Management LLC about potential bankruptcy financing. It has added investment bank Lazard Ltd. and law firm Kirkland & Ellis to its roster of advisers. It had tapped Latham & Watkins, its longtime legal counsel, for restructuring advice before adding Kirkland & Ellis. Latham & Watkins didn’t comment.The company is trying to avoid falling victim to the retail shakeout that destroyed dominant chains such as Borders Group and Sports Authority as consumers defected to online merchants. Many of the failed stores had been bought out by private equity firms that loaded the companies up with debt, leaving them unable to make investments needed to compete with rivals such as Amazon.com.(Updates with comment from BI analyst in paragraph 10.)\--With assistance from Scott Deveau, Boris Korby and Kiel Porter.To contact the reporters on this story: Lauren Coleman-Lochner in New York at firstname.lastname@example.org;Eliza Ronalds-Hannon in New York at email@example.com;Gillian Tan in New York at firstname.lastname@example.orgTo contact the editors responsible for this story: Rick Green at email@example.com, Dan WilchinsFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
For ratings issued on a support provider, this announcement provides certain regulatory disclosures in relation to the credit rating action on the support provider and in relation to each particular credit rating action for securities that derive their credit ratings from the support provider's credit rating. For any affected securities or rated entities receiving direct credit support from the primary entity(ies) of this credit rating action, and whose ratings may change as a result of this credit rating action, the associated regulatory disclosures will be those of the guarantor entity. Regulatory disclosures contained in this press release apply to the credit rating and, if applicable, the related rating outlook or rating review.
The Toronto-based company said it will have roughly 280 locations by the end of the year. Currently, there are seven GGB shops within the Brookfield Properties' portfolio. "Brookfield Properties operates some of the most exciting and visited malls in the country, and we are thrilled to introduce our CBD shops to their centers," Peter Horvath, CEO of Green Growth Brands, said in a statement.
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Brookfield Property REIT Inc. New York, June 10, 2019 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Brookfield Property REIT Inc. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.
Google the question "What's considered a high dividend yield?" and you get more than 65 million results. That's because many investors are on the hunt for dividend stocks to buy that not only appreciate over time but also pay a high dividend. So what is a high-dividend yield stock? One that pays 1%? 3%? 5%? The truth is there is no strict rule. If you are interested in high-yield dividend stocks, it's better to focus on a company's history of growing its dividend rather than just looking for the juiciest dividend yields. That's because dividend yields are often high due to some problem with the business that's knocked its share price lower. That said, if you can find a group of stocks that yield 5% and have demonstrated the ability to grow the annual payment over a decent amount of time, double-digit total returns won't be nearly as difficult to achieve.The trick is finding those stocks. Here are seven high-yield dividend stocks to buy with a payout of 5% or more that I believe can get the job done. SEE ALSO FROM KIPLINGER: 33 Ways to Get Higher Yields
On a per-share basis, the Hamilton, Bermuda-based company said it had net income of 32 cents. The real estate company posted revenue of $1.5 billion in the period. Brookfield Property shares have risen ...
All dollar references are in U.S. dollars, unless noted otherwise. BROOKFIELD NEWS, May 06, 2019 -- Brookfield Property Partners L.P. (NASDAQ: BPY; NASDAQ: BPR; TSX: BPY.UN).
BROOKFIELD NEWS, May 06, 2019 -- Brookfield Property REIT Inc. (NASDAQ: BPR) announced today that its Board of Directors has declared a quarterly dividend of $0.33 per share.
Moody's Investors Service has assigned a Ba3 rating to Brookfield Property REIT Inc.'s (BPR) proposed $750 million senior secured note due 2026 to be issued by BPR and its subsidiaries. The new issue proceeds will be used to repay the outstanding balance on the revolving credit facility and term loans.
Many investors, including Paul Tudor Jones or Stan Druckenmiller, have been saying before the Q4 market crash that the stock market is overvalued due to a low interest rate environment that leads to companies swapping their equity for debt and focusing mostly on short-term performance such as beating the quarterly earnings estimates. In the fourth […]
Issued Just Weeks Ahead of 1Q Earnings Reports for U.S. Shopping Mall REITs, In-Depth Report Shows Volatile Activity Since 'Retail Apocalypse' New Performance Update Uses Unique 'Thasos Trade Area' Tool ...
BROOKFIELD NEWS, April 08, 2019 -- Brookfield Property Partners L.P. (NASDAQ: BPY, TSX: BPY.UN) announced today that its first quarter 2019 financial results will be released.
Texas Instruments, Brookfield Property Partners, and Intel are leaders in their respective industries and have track records of consistent dividend increases.
TSX: BPY.UN) announced today the final results of its substantial issuer bid (the “Offer”) to purchase for cancellation up to $405 million of its limited partnership units (the “BPY Units”), which expired at 5:00 pm (Eastern Time) on March 25, 2019. The Offer was open to holders of BPY Units (“BPY Unitholders”), holders of exchangeable limited partnership units of Brookfield Office Properties Exchange LP (“Exchange LP Unitholders”, and together with BPY Unitholders, the “Unitholders”) on an as exchanged basis (as exchanged, and together with the BPY Units, the “Units”) and holders of securities that are exchangeable into BPY Units prior to or at the time of the Offer.
TSX: BPY.UN) announced today the preliminary results of its substantial issuer bid (the “Offer”) to purchase for cancellation up to $405 million of its limited partnership units (the “BPY Units”), which expired at 5:00 pm (Eastern Time) on March 25, 2019. The Offer was open to holders of BPY Units (“BPY Unitholders”), holders of exchangeable limited partnership units of Brookfield Office Properties Exchange LP (“Exchange LP Unitholders”, and together with BPY Unitholders, the “Unitholders”) on an as exchanged basis (as exchanged, and together with the BPY Units, the “Units”) and holders of securities that are exchangeable into BPY Units prior to or at the time of the Offer.
Based on the preliminary count by American Stock Transfer & Trust Company, LLC, the paying agent and depositary for the Offer, a total of 8,333,603 shares of Class A Stock were properly tendered and not properly withdrawn at the final purchase price of $20.30 per share, including 911,463 shares of Class A Stock that were tendered through notice of guaranteed delivery. In accordance with the terms and conditions of the Offer, and based on the preliminary count by the paying agent and depositary, BPR expects to take up and purchase for cancellation 4,679,802 shares of Class A Stock properly tendered and not properly withdrawn prior to the expiration of the Offer at a purchase price of $20.30 per share, for an aggregate cost of approximately $95 million, excluding fees and expenses relating to the Offer.
TSX: BPY.UN) reminds holders of its limited partnership units (“BPY Unitholders”) that its previously announced substantial issuer bid (the “Offer”) to purchase up to $405,000,000 of its limited partnership units (the “BPY Units”) for cash will expire at 5:00 p.m. (Eastern time) on March 25, 2019. Unitholders are urged to consult the formal offer to purchase and issuer bid circular, together with the letter of transmittal and notice of guaranteed delivery (the “Offer Documents”) for the terms and conditions of the Offer and instructions for tendering Units. The Offer Documents were mailed to Unitholders or their designated brokers, and are also available on SEDAR at www.sedar.com and on EDGAR at www.sec.gov.
Brookfield Property REIT Inc. (BPR) reminds the holders of its outstanding Class A Stock, par value $0.01 per share (“Class A Stock”), that its previously announced substantial issuer bid (the “Offer”) to purchase for cash up to $95,000,000 in value of shares of its Class A Stock will expire at 5:00 p.m. (Eastern time) on March 25, 2019. The Offer is being made by way of a “modified Dutch auction,” which allows holders of Class A Stock to select the price, within the specified range, at which each such holder is willing to sell all or a portion of the shares of Class A Stock that such holder owns.